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OMX NORDIC 40
OMXN40
- EUR (-)
- 15 min delayed data - NASDAQ EU Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: OMXN40
ISIN:

OMX NORDIC 40 - 1H - Technical analysis published on 06/12/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 2,329.46 EUR
My targets
2,291.06 EUR (-1.02%)
2,274.80 EUR (-1.72%)
My analysis
OMX NORDIC 40 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2,329.46 EUR. The next support located at 2,291.06 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2,274.80 EUR. Below this support, sellers could then target 2,205.44 EUR.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The OMX NORDIC 40 price is 2,314.66 EUR. The price is lower by -0.01% since the last closing and was between 2,314.22 EUR and 2,334.35 EUR. This implies that the price is at +0.02% from its lowest and at -0.84% from its highest.

2,314.22
2,334.35
2,314.66

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this OMX NORDIC 40 chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour


Three black crows

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,274.80 2,291.06 2,311.30 2,314.66 2,329.46 2,347.56 2,365.03
Change (%) -1.72% -1.02% -0.15% - +0.64% +1.42% +2.18%
Change -39.86 -23.60 -3.36 - +14.80 +32.90 +50.37
Level Intermediate Minor Major - Minor Major Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,281.252,293.032,303.942,315.722,326.632,338.412,349.32
Camarilla2,308.602,310.682,312.762,314.842,316.922,319.002,321.08
Woodie2,280.812,292.812,303.502,315.502,326.192,338.192,348.88
Fibonacci2,293.032,301.702,307.062,315.722,324.392,329.752,338.41


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,266.062,283.492,299.172,316.602,332.282,349.712,365.39
Camarilla2,305.742,308.772,311.812,314.842,317.882,320.912,323.95
Woodie2,265.182,283.052,298.292,316.162,331.402,349.272,364.51
Fibonacci2,283.492,296.142,303.962,316.602,329.252,337.072,349.71


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,129.492,202.532,243.782,316.822,358.072,431.112,472.36
Camarilla2,253.602,264.082,274.552,285.032,295.512,305.982,316.46
Woodie2,113.602,194.582,227.892,308.872,342.182,423.162,456.47
Fibonacci2,202.532,246.192,273.162,316.822,360.482,387.452,431.11

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 45.18
MACD (12,26,9): -0.1300
Directional Movement: -3.16
AROON (14): 42.86
DEMA (21): 2,319.04
Parabolic SAR (0,02-0,02-0,2): 2,312.57
Elder Ray (13): -3.66
Super Trend (3,10): 2,312.35
Zig ZAG (10): 2,314.85
VORTEX (21): 0.8900
Stochastique (14,3,5): 39.83
TEMA (21): 2,318.08
Williams %R (14): -66.76
Chande Momentum Oscillator (20): 4.31
Repulse (5,40,3): -0.3700
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.51
MA7: 2,315.79
MA20: 2,322.88
MA50: 2,332.86
MA100: 2,307.00
MAexp7: 2,318.50
MAexp20: 2,319.13
MAexp50: 2,318.04
MAexp100: 2,318.48
Price / MA7: -0.05%
Price / MA20: -0.35%
Price / MA50: -0.78%
Price / MA100: +0.33%
Price / MAexp7: -0.17%
Price / MAexp20: -0.19%
Price / MAexp50: -0.15%
Price / MAexp100: -0.16%

Quotes : - 15 min delayed data - NASDAQ EU Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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